| BALANCE SHEET - PWHOA (4/30/05) |
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| ASSETS: |
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| Operating Assets - General |
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| Checking-Bank Atlantic |
18,848.78 |
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| Savings - Bank Atlantic |
108,552.41 |
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| Checking - Union Bank |
114,949.46 |
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| Money Market - SouthTrust |
3,651.47 |
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| Total Operating Assets - General |
246,002.12 |
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| Operating Assets - Cable |
|||||||||||
| Cable Account - Washington Mutual |
11,386.32 |
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| Cable Account - Regent Bank |
14,471.17 |
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| Total Operating Assets - Cable |
25,857.49 |
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| Other Assets |
|||||||||||
| Accounts Receivable |
13,503.55 |
||||||||||
| Bulk Cable Receivables |
2,013.90 |
||||||||||
| Newsletter Income Due |
0.00 |
||||||||||
| Prepaid Insurance |
3,003.30 |
||||||||||
| Total Other Assets |
18,520.75 |
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| TOTAL ASSETS |
$290,380.36 |
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| LIABILITIES & EQUITY: |
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| Operating Liabilities |
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| Accounts Payable |
2,269.70 |
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| Prepaid Assessments |
2,098.82 |
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| Prepaid Cable Assessment |
644.73 |
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| Deferred Revenue |
191,333.36 |
||||||||||
| Deferred Cable Income |
32,036.70 |
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| Total Operating Liabilities |
228,383.31 |
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| Members Equity |
|||||||||||
| Members Equity |
24,010.67 |
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| Current Year Earnings |
37,986.38 |
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| Total Members Equity |
61,997.05 |
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| TOTAL LIABILITIES & EQUITY |
$290,380.36 |
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| HOMEOWNERS EQUITY: |
|||||||||||
| Total Members Equity |
61,997.05 |
||||||||||
| Less Cable Adjustment |
-4,810.04 |
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| TOTAL HOMEOWNERS EQUITY |
$66,807.09 |
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| BUDGET COMPARISON - PWHOA (4/30/05) |
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| MTD |
MTD |
YTD |
YTD |
Annual |
||||||
| Actual |
Budget |
Actual |
Budget |
Budget |
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| INCOME: |
||||||||||
| Homeowner Assessment |
23,916.67 |
23,916.67 |
95,666.64 |
95,666.67 |
287,000.00 |
|||||
| Interest Income |
129.01 |
100.00 |
442.11 |
400.00 |
1,200.00 |
|||||
| Bulk Cable Assessment |
16,018.33 |
19,416.67 |
64,073.32 |
77,666.67 |
233,000.00 |
|||||
| HO Dock Ins. Premium |
0.00 |
62.50 |
200.00 |
250.00 |
750.00 |
|||||
| Newsletter Advertising |
80.00 |
250.00 |
1,590.00 |
1,000.00 |
3,000.00 |
|||||
| Golf Tournament Income |
0.00 |
583.33 |
0.00 |
2,333.33 |
7,000.00 |
|||||
| Miscellaneous Income |
0.00 |
0.00 |
24,525.00 |
0.00 |
0.00 |
|||||
| TOTAL INCOME |
40,144.01 |
44,329.17 |
186,497.07 |
177,316.67 |
531,950.00 |
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| EXPENSES: |
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| Maintenance & Common Area Expense: |
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| Irrigation Maint/Upgrade |
482.49 |
833.33 |
2,244.85 |
3,333.33 |
10,000.00 |
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| Landscape Replacements |
150.00 |
722.50 |
2,255.00 |
2,890.00 |
8,670.00 |
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| Lawn Maintenance |
3,350.00 |
2,750.00 |
13,550.00 |
11,000.00 |
33,000.00 |
|||||
| Tree Trimming |
0.00 |
2,083.33 |
3,210.00 |
8,333.33 |
25,000.00 |
|||||
| Lake & Dock Maintenance |
150.00 |
150.00 |
600.00 |
600.00 |
1,800.00 |
|||||
| Playground Maintenance |
100.00 |
100.00 |
400.00 |
400.00 |
1,200.00 |
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| Pressure Cleaning |
0.00 |
237.50 |
0.00 |
950.00 |
2,850.00 |
|||||
| Security - Wackenhut |
9,836.85 |
8,166.67 |
31,464.73 |
32,666.67 |
98,000.00 |
|||||
| Security - PBC Sheriff |
0.00 |
425.00 |
760.00 |
1,700.00 |
5,100.00 |
|||||
| Miscellaneous General Maintenance |
0.00 |
83.33 |
0.00 |
333.33 |
1,000.00 |
|||||
| Street Signs |
74.42 |
125.00 |
297.68 |
500.00 |
1,500.00 |
|||||
| Improvements - Golf Proceeds |
0.00 |
333.33 |
0.00 |
1,333.33 |
4,000.00 |
|||||
| Cable TV |
16,337.06 |
19,416.67 |
63,623.98 |
77,666.67 |
233,000.00 |
|||||
| Utilities - Electric |
2,273.48 |
2,291.67 |
7,518.98 |
9,166.67 |
27,500.00 |
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| Total Maint. & Com. Area Expense |
32,754.30 |
37,718.33 |
125,925.22 |
150,873.33 |
452,620.00 |
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| Administrative Expense: |
||||||||||
| Accounting Fees |
0.00 |
125.00 |
0.00 |
500.00 |
1,500.00 |
|||||
| Insurance |
1,501.65 |
1,708.33 |
6,006.60 |
6,833.33 |
20,500.00 |
|||||
| Legal |
0.00 |
533.33 |
117.04 |
2,133.33 |
6,400.00 |
|||||
| Office Supplies |
567.25 |
375.00 |
2,065.26 |
1,500.00 |
4,500.00 |
|||||
| Postage/Other |
529.13 |
291.67 |
1,242.39 |
1,166.67 |
3,500.00 |
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| Holiday Lights |
0.00 |
8.33 |
0.00 |
33.33 |
100.00 |
|||||
| Meeting Room Fees |
0.00 |
6.67 |
80.00 |
26.67 |
80.00 |
|||||
| Newsletter Printing Expense |
382.43 |
333.33 |
1,232.93 |
1,333.33 |
4,000.00 |
|||||
| Management Fees |
2,900.00 |
2,900.00 |
11,600.00 |
11,600.00 |
34,800.00 |
|||||
| Website Management Fees |
45.00 |
25.00 |
180.00 |
100.00 |
300.00 |
|||||
| Taxes-Licenses-Permits |
0.00 |
54.17 |
61.25 |
216.67 |
650.00 |
|||||
| Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
1,000.00 |
3,000.00 |
|||||
| Total Administrative Expense |
5,925.46 |
6,610.83 |
22,585.47 |
26,443.33 |
79,330.00 |
|||||
| TOTAL EXPENSE |
38,679.76 |
44,329.17 |
148,510.69 |
177,316.67 |
531,950.00 |
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| NET INCOME/(LOSS) |
1,464.25 |
0.00 |
37,986.38 |
0.00 |
0.00 |
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